Obama's cash advantage: 10 to 1 (Updated)

4/20/12 7:29 PM EDT

Mitt Romney hasn't been raising general election cash until the last few weeks, and President Obama's figure includes soft money, but the contrast in what they had on hand at the end of March is striking:

Obama For America, the president's re-election account, ended last month with about $104 million in cash on hand; Romney, by contrast, reported having just over $10 million in cash on hand at the end of March.

The disclosures for both campaigns were detailed in filings on Friday with the Federal Election Commission.

The advantage for Obama is not necessarily surprising, since the president, as an incumbent, has had the benefit of having been able to raise millions from deep-pocketed donors without having to spend much on a primary challenge.

Obama reported having raised $35 million for his campaign last month, and having spent about $15.7 million. The campaign disclosed earlier this week that the combined Democratic victory efforts had raised a total of $53 million, but that total was divided between the campaign, the Democratic National Committee, and other state parties.

The Romney campaign has not seemed especially worried, per several fundraisers, about money, and not because of the candidate's ability to cut his campaign a check. Instead, there seems to be a conviction the money will materialize. And he will have substantial support from a range of outside, Republican-friendly forces.

And/but - the Times points out that things have slowed down for the Obama campaign from four years ago, turning to a less-than-stoked grassroots base more than ever.